In February 2024, five more enterprises of the Ukrainian Defence Industry (Ukroboronprom) became limited liability companies. There are as many as 33 LLCs now, the press service of Ukrainian Defence Industry JSC said.
"The transformation of the defence industry continues. We have to become a modern arms company built according to the best international standards of corporate governance," said Herman Smetanin, CEO of Ukrainian Defence Industry JSC.
According to the company, the appointment of Ukroboronprom's supervisory board and its first decisions have given a new impetus to the reform of the state-owned defence industry sector. The transformation is taking place within the framework of the decision taken at the second meeting of the company's supervisory board.
"The reform of the state sector of the defence industry opens the way to a large-scale modernisation of the Ukrainian defence industry, its technological upgrade and makes the industry a driver of the development of the entire national economy," Ukroboronprom added.